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FOX News
Dec 31, 2012 3:00pm PST
may spike the deal. >> if we are going to be serious about the deficit and debt reduction, then it's going to have to be a matter of shared sacrifice. at least as long as i'm president. i am going to be president for the next four years. >> president obama said a deal is in sight and appeared at a campaign style event to remind everyone he is winning and g.o.p. is not. >> last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. the agreement currently discussed would raise those rates, raise them permanently. >> republicans suggest the event may backfire to accuse the republican of rubbing their nose in defeat. >> the president won. we know that. he won fair and square. isn't it now time to govern? >> the president was out of line with his comments at 1:30 afternoon. this is a delegate time. i think the democrats would be embased after what the president did. >> after months of the president promising a balanced approach there are only tax hikes for rich without new spending cuts. today he hinted at more tax hikes ahead. war
FOX News
Dec 26, 2012 3:00pm PST
for 2 million americans. lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on ever
FOX News
Jan 1, 2013 3:00pm PST
that was supposed to help cut the deficit will now add $3.6 trillion to the national debt over the next ten years. the architect of the senate deal minority leader mitch mcconnell notes it lacks in tax cut for large portion of the public. rattling it now would likely hand the blame to the republicans. >> i can speak to the entire conference when i say we don't think taxes should be going up on anyone. but we all knew if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> aide to the president incyst he was ready to agree to $1.2 trillion in spending cuts. in exchange for equal amount of tax increases during talks with speaker john boehner. yet, the republican walked away and got most of the tax hikes with virtually no spending cuts in what may be the first shot of the 2016 republican presidential primary, marco rubio became one of eight senators to oppose the deal. and tweeted, "how can barack obama call the proposal a debt reduction pack knowledge it uses tax increase to fund more spending and it increases the debt?" boehner is getting
FOX News
Dec 25, 2012 3:00pm PST
senate. the entire objective was not to pass anything to help with the debt or deficit. to destroy the republicans in the house. create a civil war. that is what he did. he would not compromise on tax rate. he himself said a year ago. but he insisted on the rates knowing it would cause the kind of civil war in the house. the objective now of fracturing the one element in washington this could stop the agenda in the second term succeeded. he put out the patch plan to raise rates on those earning $250,000 and extend unemployment. if that is the bottom line he will propose it. the republicans decide he wins either way. he passed it in the house or he will blame going over the fiscal cliff on the republicans if they resist. completely in the driver's seat and he will l decide what is on the table at december 31 at 11:00 at night. >> let's look at the national debt clock. we surpassed the $16 trillion mark. $16.4 trillion. interest on the debt is huge. thereon what bayh boy said recently. >> servicing the debt hard now. this is interest rates at record lows. god forbid something should
FOX News
Dec 28, 2012 3:00pm PST
. lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's meeting is the first with the president since november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on preventing taxes from going up. there are also massive spending cuts coming. no idea how they will avert that. he also did not mention the debt ceiling. earlier they wanted lifting the debt ceiling included. now it's clear it's not in the short-term package that guarantees if they get a short-term deal here, we have major budget battles coming. >> the key to any good negotiation each side has to give up something. near and dear to their heart. what is it, as succinctly as you imagine, both sides have given up? >> both sides say the president started on threshold of tax cut of $250,000. negotiations with boehner he moved to $40
Search Results 0 to 4 of about 5